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I have no doubt that it will last the full term, Sir !
The only question is - Narendra Modi can be PM for a second term only if he gets 272 in 2019. I am not sure if his MPs are as popular as he is. and whether his personal popularity (which has won one election for the BJP) will work a second time round)

These elections will not materially change the composition immediately - but the effect will come after a lag. On the other hand, barring constitutional amendment bills, the government does not really need a two thirds majority

Good question ! Hard to say where the opposition fulcrum will come to rest. After all, when Pranab Mukherjee became President in 2012, Mamata and Mulayam did try to forge a regional party front. Look what happened to that !

The Congress is going through a tough phase and its desperation is there for all to see. It has to win back credibility and its cadres have to feel enthused. We have to see what it does to win back its supporters. There is an anti-BJP constituency - how the Congress reaches that section is the issue.

The government believes that sentiment is in its favour. With the Congress having faced such a bad setback, it will fall in line. It is relying on sentiment and invisible friends to get GST passed. I am pretty sure monsoon session will see GST being cleared - with or without the Congress.

The Lok Sabha has 545 seats. If you want to be PM, you need to have won - or have the support of - 272. If the Congress, the Left and the BJP - Mamata Banerjee's own avowed enemies - do not support her, I don't see her getting to 272 - do you ?